people about that you're watching the news coming up next in business news market reaction to the. interview with. christiane saving after its 5th year this year. with that and more. stay with. the cry for freedom in the fight for freedom are always accompanied by. a train.

or 2 part documentary. pieces of history. songs like don't go away stay with us for all time. the sound of fresh starts february 7th. coronavirus is officially a global in the. world health organization officials based after meeting in switzerland look at the market reaction. 5 on your losses in a. bank suffering remains optimistic we have an exclusive interview with chris.

saving. and passion is a colorful business but with its accounting for 5 percent of global greenhouse gas emissions could it do with a hint more prien. this is deja vu business i'm reports in berlin welcome along. the world health organization has declared the corona virus outbreak a global emergency w.h.o. officials made the announcement after hours of discussions in geneva they however praised china's handling of the outbreak and said they oppose any restrictions on trade and movement to the country many international companies have already closed offices and outlets in china and restricted business chips that. let's see how markets have been reacting to that we are a show announcement our financial correspondent in new york is yen's quarter yes how has that declaration by the world health organization gone down. well maybe not as you would expect. the old did to

clear global urgency but on the other side the world health organization does not see any reason at least for now to really call for global restrictions on trade and travel and i guess that was the main reason why we saw a clear turnaround here on wall street to blue chips traded lower at some point by more than 200 points 'd by the the end of the 13 or the market actually gained a good 120 points or roughly a half a percent the show is basically telling companies whoa whoa whoa don't be too drastic but a lot of american firms have already taken some drastic action haven't they. yes certainly and about a 3rd of the u.s. corporations report earnings in those days mention the coronavirus one way or the other. is for example the manufacturer on thursday was

saying that the koran of either is doesn't pick business that at least temporarily they have to have to shut down to affect the reason china but the stock overall actually gained during the week we heard from starbucks for example that they're shutting down temporarily more than half of their stores in china we're talking about more than. 2000 facilities so there's clearly is an impact by the way also on oil prices that traded lower again here on thursday was china being the biggest consumer of oil on the planet so there clearly is an impact but so far most corporations are still saying things will be ok if the coronavirus does not really escalate much more in the next couple of days and weeks thanks for your updates yens that's our financial correspondent in new york he ends quarter now germany's largest lender has chalked up its 5th straight year of losses so it's

a bank with 5700000000 euros in the red last year and even blames restructuring costs for the bank has a long history of failed benches and expensive scandals the net loss for 2019 was the 2nd worst in deutsche bank's history after the 6800000000 euro loss booked in 20151 set its sights on entering the same league as the joint us investment banks and shares sold for over $140.00 but after a decade of scandals and poor decisions it's fighting for its life and a share now costs less than $10.00. christian sieving took over the top job in may 28th seen a new broom to sweep torches operations clean after an abortive attempt to merge with cross town rival comets bunker early last year saving in july announced a message of restructuring program including some 18000 jobs to be cut by 2022

of them at the bank's headquarters in frankfurt on thursday christian saving told reporters that despite the losses the restructuring was yielding results. in china in the tough and we've made radical decisions and pulled out of businesses in which we weren't the leaders and we were direct and consequential in putting our decisions into practice no ifs and no buts naturally that has a price and you can see that in our annual loss. a total of $3000000000.00 euros weigh in on charges or write downs and costs relating to the restructuring and severance pay for those job cuts tax effects related to the restructuring shaved a further $2800000000.00 off the bottom line nonetheless off the back of savings announcement shares in the bank again slightly topping the dax index of blue chip shares in frankfurt but in an exclusive interview africa correspondent chelsea

delaney asked boss christine saving if he's satisfied with developments. well in in the core businesses and these are those businesses where we are not only irrelevant but leading and which are the future cornerstones of torture brink we have done good progress and in all business divisions of course we are suffering from the low interest rate environment in particular in europe but therefore we have grown parts whether it's on the loan side whether it's in the investment funds whether it's in the debt capital markets we were very successful and hence i would say from an operational point of view from an operating performance point of view we see the growth we have seen the momentum in particular after we announce the restructuring and hence we are satisfied with the development. some people have said this restructuring is sort of a trench but. global ambitions do you see it as that no i don't i think this restructuring wars to focus on that what we can do best and where we are

leading and you have seen that with the restructuring we haven't closed down one international country we are a global bank we are relevant and we are active in more than 60 countries directly we stated that we are committed to that and i walk lines one a global bank out of germany can join and support them and hence it is not at all the retrenchment if you see the revenues coming from international versus germany there is no deterioration or decline so we remain committed to the world. you mentioned several times today growth in asia do you see any impact from the spreading coronavirus in a potential slowdown in the asian economy i think it's too early to judge of course we are monitoring that closely we in particular also monitor the situation for our employees in that region but i would also warn to be no kind of too pessimistic what can happen with the economy i think the chinese economy is

a very strong one yes we are monitoring for the time being we have no impact but rest assured that we stay close to that. now but some of the other business stories making news drug maker rush says it's struggling to deliver diagnostic tests for the coronavirus to big chinese cities because people are being prevented from entering and leaving the areas a swiss company was involved in identifying the sars virus which originated in china 2 decades ago. as swedish fashion retailer h. and m. says its full year sales are up 11 percent to over $23000000000.00 euros the growth was driven by strong store and online sales in developing markets like india russia and mexico but did you know that the clothing industry produces more emissions than air travel and shipping combined in fact more than 5 percent of global emissions come from clothing alone and it's rising because the fashion industry churns out

new collections on almost a weekly basis. if you want to feel good mood knows the ugly side of fast fashion all too well and doesn't want to be a part of a tell me more she's a textiles expert at environmental organization greenpeace and how simple see new item of clothing for 10 years. she buy 2nd hand or exchanges close with others clothing swap parties everyone brings a few garments and takes a few home for themselves. my dear i can take something on a whim without harming the environment because the closer for deeper morning if i don't want to tell me more i take it to the next polity it stays in circulation and doesn't use that resources i just. discarded don't easily end up as a party they end up somewhere like this east west is a large textiles recycling company net brame a half and 70 tons of clothing arrive every day. east west tries

to sell as much of it as possible especially abroad. used clothing can be shredded and sold to industry as cleaning materials or insulation but the rest is garbage. and that proportion is growing rapidly. dislikes once again and they're going to have your we've noticed the tendency over the last 20 is the amount of clothing coming in has continued to grow in the last 6 years it went up by about a 3rd at the same time quality has fallen in a very noticeable way. that means cheaper fabrics more synthetic fibers and even clothing that's glued rather than citing. some garments made entirely out of plastic. the industry is demanding fast and cheap production. not through. someone's probably count kill a tip that it won't be worn for more than

a year or 2 anyway the consumer will want something new by then. so that's probably how they approach making the garments the. second time and has been around for a long time but in the past he often had to rummage around in stocks of clothing to find something suitable. berna things. changing online platforms and specialist 2nd homes tolls are on the rise sidewalks out the side and most of the time they need to be suitable for every day shopping the alternatives to consumerism need to be easy if i have a days for an interview and i want something different i need to be able to get it without buying something in my coffee because. despite not buying new clothes for 10 years the owner of all commit says she never feels like she has to go without. a massive from a in the business scene here in berlin about. the

conflicts spike promises to restructure to move the old nigeria's government stands accused by the international community of serious human rights abuses i guess this week here in london is my momma the country's information minister how does he defend against the country's many critics will be evidence of wrongdoing if some

compiler. to such a. thing is everything challenging 1st i'm a muslim. so much. print culture between here and there challenging for if this. lead. to some business i think it was worth it for me to come to germany and . got my license to work as a swimming instructor to shannara to children other dogs just want us to just discuss. what's your story take part sheriff on info migrants' dot net. is for me to be told is for you to. be tough.

very tough it is for her. to be tough and. beethoven is for us. is for her. beethoven 2020 for 250th anniversary here on w. s a n student news africa is coming up in the next 15 minutes the world's fastest growing humanitarian emergency hundreds of thousands of people in but you know i have been forced from their homes because of violence refugee agency is warning the situation it's a. lost general there was 60000 people displaced in book in the past so now i must be more than 600 farms. and now that i am a school is free of the d r c.